Published – 1 December 2022
The Port of Brisbane is powering the Queensland economy and supporting thousands of jobs.
In 2022, PBPL commissioned Deloitte Access Economics (DAE) to quantify the economic contribution of Port of Brisbane and its supply chain to the Queensland economy.
The DAE report found that in FY22, Port of Brisbane and its supply chain contributed approximately $7.8 billion to the State economy and supported almost 63,000 jobs. This includes:
- 7,900 jobs directly supported within the Port of Brisbane precinct
- $2.7 million value added and 21 jobs supported per ship call.
Over time, this contribution will continue to grow. The DAE report found that:
- By 2032, the Port could contribute $9.9 billion in economic value added and support 80,200 jobs
- By 2050, the Port could contribute $15.4 billion in economic value added and support 124,400 jobs.
Port of Brisbane Chief Executive Officer, Neil Stephens, said the port community was crucial to the ongoing success of the Queensland economy.
“Despite a challenging year, with the pandemic, severe weather events and global supply chain disruptions all having an impact, the Port of Brisbane delivered a record year for containers (1.53m TEUs) and significant economic activity for Queensland,” Mr Stephens said.
“The resilience and commitment of all port stakeholders is crucial to that success, and we thank them all for their continued partnership.
“The Port of Brisbane is a world-class port and logistics hub with world-class people, which is why it’s a Queensland economic powerhouse, critical to the long-term growth and prosperity of this region.
“We will continue to invest in the Port’s infrastructure over the long-term, driving jobs growth and economic activity up and down the supply chain.”
The research also found that cruising was set to be one of Queensland’s newest tourism success stories:
- Contributing $1.15 billion to the Queensland economy over the next decade
- Generating $940,000 and 3.6 jobs per ship call
- Supporting 610 jobs annually.
“Every time a ship calls in port, it’s a ‘mini-boom’ for the economy,” Mr Stephens said.
“It also means more ship calls in other Queensland ports like Cairns and Townsville, generating jobs and economic activity in those cities and well.
“We think Queensland can become Australia’s cruising capital, and the Port of Brisbane will almost certainly be at the centre of it.”
Read more about the Port's economic contribution here.